SpaceX (NASDAQ:SPCX) Given “Buy” Rating at TD Cowen

by · The Cerbat Gem

SpaceX (NASDAQ:SPCX – Get Free Report)‘s stock had its “buy” rating restated by equities research analysts at TD Cowen in a research note issued on Friday, Marketbeat Ratings reports. They presently have a $200.00 price objective on the stock. TD Cowen’s price objective would suggest a potential upside of 23.26% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of SpaceX from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of SpaceX in a research report on Tuesday, August 25th. Mizuho initiated coverage on SpaceX in a research note on Tuesday, July 7th. They set an “outperform” rating and a $200.00 price target for the company. Sanford C. Bernstein reissued a “buy” rating on shares of SpaceX in a report on Monday, September 28th. Finally, Susquehanna raised their target price on SpaceX from $144.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $219.77.

Read Our Latest Stock Report on SpaceX

SpaceX Stock Performance

NASDAQ SPCX traded up $1.69 during trading hours on Friday, reaching $162.26. The company’s stock had a trading volume of 57,666,607 shares, compared to its average volume of 101,982,336. The business’s 50-day moving average price is $143.95. The company has a market cap of $2.14 trillion and a PE ratio of -1,801.13. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64.

SpaceX (NASDAQ:SPCX – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The firm’s quarterly revenue was up 91.9% on a year-over-year basis. Equities analysts expect that SpaceX will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Gwynne Shotwell sold 342,170 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. This trade represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SC US Ttgp LTD. bought a new stake in shares of SpaceX during the 2nd quarter valued at about $20,933,621,000. Darsana Capital Partners LP bought a new position in shares of SpaceX during the second quarter valued at about $17,335,783,000. K5 Global Advisor LLC bought a new position in shares of SpaceX during the second quarter valued at approximately $6,587,531,000. State Street Corp bought a new position in SpaceX in the second quarter worth about $1,858,329,000. Finally, Dragoneer Investment Group LLC bought a new position in shares of SpaceX during the second quarter valued at approximately $1,366,880,000.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

  • Positive Sentiment: Nationwide spectrum acquisition strengthens Starlink Mobile. SpaceX agreed to acquire Grain Management’s nationwide portfolio of 800 MHz low-band spectrum, covering nearly the entire U.S. population. The licenses could improve indoor and ground-level coverage and allow Starlink to offer more complete direct-to-device wireless service, increasing the competitive threat to AT&T, Verizon and T-Mobile. The transaction remains subject to final FCC approval. SpaceX Acquires Nationwide Spectrum Licenses
  • Positive Sentiment: Regulatory approval expands the addressable market. The FCC approved SpaceX’s next-generation Starlink constellation of up to 15,000 satellites for direct-to-device services and waived a requirement to lease capacity from ground-based carriers. The decision supports the company’s mobile-network ambitions and reduces dependence on traditional telecom partners. FCC Approval for 15,000 Starlink Satellites
  • Positive Sentiment: Wall Street remains constructive. Barclays initiated coverage with a Buy rating and a $254 price target, while TD Cowen reaffirmed its Buy rating with a $200 target. J.P. Morgan and Morgan Stanley have also maintained bullish views, citing spectrum expansion, Starlink cash generation and SpaceX’s AI-compute opportunity. Barclays Initiates SpaceX Coverage
  • Neutral Sentiment: AI growth could be significant but requires substantial capital. SpaceX is reportedly discussing roughly $40 billion of loans and investment-grade debt to purchase Nvidia chips and expand AI data-center capacity. Supporters view contracted AI demand and Starlink cash flow as potential debt support, but the plan would increase leverage and execution risk. Apollo and Banks Discuss SpaceX Financing
  • Negative Sentiment: Share supply and valuation remain risks. Up to approximately 319 million insider shares reportedly became eligible for sale, potentially creating selling pressure. In addition, ARK Invest sold about $4.7 million of SpaceX shares, while critics argue the company’s multitrillion-dollar valuation already discounts substantial success in wireless, AI and space.
  • Negative Sentiment: Competitive and geopolitical risks persist. SpaceX’s wireless push has triggered sector-wide concerns, while delays to Starlink’s India launch and warnings about Russian satellite activity highlight regulatory and security risks to the broader Starlink business. Russian Satellite Activity Raises Concerns for Starlink

SpaceX Company Profile

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Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.

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